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. >> i hear what steve just said. but given the jobs report, we've also seen a drop in gasoline prices. when you get the -- when you remember the prices fell by gasoline. your decline in prices. that's a big increase in consumer spending and probably income last month. so i think consumers can replenish savings just a little bit and still have spending. you also have at the upper end $20 billion and growing of dividends declared this month. to beat the tax hike. that's $20 billion of cash flow that higher income individuals, not all of them but many of them will get. and much of that will end up being spent. >> you acknowledge that university in michigan consumer sentiment, that was big decline. and much of that is attributable to fears about the fiscal cliff. all bets could be off the table if we go off the fiscal cliff. >> sure if you go over the cliff. and you'll still have some tax hikes. we have consumer spending around 2% in real terms in line with income. we don't think the whole tax hikes will go into effect e
. >> i hear what steve just said. but given the jobs report, we've also seen a drop in gasoline prices. when you get the -- when you remember the prices fell by gasoline. your decline in prices. that's a big increase in consumer spending and probably income last month. so i think consumers can replenish savings just a little bit and still have spending. you also have at the upper end $20 billion and growing of dividends declared this month. to beat the tax hike. that's $20 billion of cash...
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Dec 10, 2012
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thank you, steve. they took us to the moon so why can't our politicians find a way out of this box? [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. >>> there is a santa claus. >> neil: family just delay the christmas celebration after you came back? >> partly. well, i planned ahead of time and i gave my wife a present. since the card said from the man in the moon. [ laughter ] >> apollo 8 showed everyone up. the sew yets especially. america was leaving the space race, the end of the decade and jfk's deadline quickly approaching. >> neil: our 40th anniversary of being on the moon. fox has specials but "flying to the moon" was superb and inspiring. well done. thank you, colonel. they did the heavy lifting. i went along for the incredible kid in the candy store ride. mark e-mails -- >> neil: justin e-mails -- >> they were heroes and are. kevin in pittsburgh -- >> i'll take wha
thank you, steve. they took us to the moon so why can't our politicians find a way out of this box? [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. >>> there is a santa claus. >> neil: family just delay the christmas celebration after you came back? >> partly....
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Dec 10, 2012
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. ♪ >> you can take your jazz cigarette and mary jane but me and steve know the truth path to enlightenment is prescribed by doctors. side effect may include exhilaration, colored lenses. >> jon: a ( cheers and applause ). >> jon: welcome back. my guest tonight, former senator from wyoming, also the cochair of the national commission on fiscal responsibility and reform, also known as the simpson/bowles plan, please welcome, senator allan simpson. sir. >> yuck man. young man. >> how are you? >> jon: nice to see you, senator, how are you? >> good, i saw that last segment. i thought maybe that would liven everything up for me. ( laughter ). i don't want to get into that. that wouldn't be a thing to do. >> jon: next time i'll make sure it's in the gift bag for everybody. ( laughter ). >> maybe just the cookies. >> jon: just the cookies. ( laughter ). so let me-- let me start with you. two years ago, two and a half years ago, you are aproasmed to chaiapproached tochair a commits to set up a deficit reduction plan for the country. you study it. you're very diligent. everybody hates it within 24 h
. ♪ >> you can take your jazz cigarette and mary jane but me and steve know the truth path to enlightenment is prescribed by doctors. side effect may include exhilaration, colored lenses. >> jon: a ( cheers and applause ). >> jon: welcome back. my guest tonight, former senator from wyoming, also the cochair of the national commission on fiscal responsibility and reform, also known as the simpson/bowles plan, please welcome, senator allan simpson. sir. >> yuck man....
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stay with us. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. >>> welcome back to "power h."on johnson&johnson getting expanded approval for the fda for the use of its drugs to treat men with late stage prostate cancer prior to recovering from chemo -- receiving chemotherapy, that is t
stay with us. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. monarch of marketing...
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joining us now to discuss is steve, chair of the gay and lesbian victory fund. great to have you. >> nice to be here, alex. s. >> so a lot of tea leaf read and arm chair prognostication around this. i am by no means a supreme court expert, but when i saw that they were taking up both doma and prop 8, question as to whether they would take up inform i them at all, it seemed to me a signal that the court was ready to make a big decision, and i just cannot imagine, especially when you have conservatives like john roberts, who maybe sort of a fiscal conservative and vote in support of something like citizens united, but socially does not seem to be as conservative as, say, scalia. that they would be looking at the ark of history and say they are ready to make this law of the land. your intripgs now three days after they announced? are you feeling bullish or bearish? i asked you this on friday. i ask again. >> i'll bullish. i think the court wants to get in front of history and behind it. it is so clear where the country is moving. there is a poll this morning that s
joining us now to discuss is steve, chair of the gay and lesbian victory fund. great to have you. >> nice to be here, alex. s. >> so a lot of tea leaf read and arm chair prognostication around this. i am by no means a supreme court expert, but when i saw that they were taking up both doma and prop 8, question as to whether they would take up inform i them at all, it seemed to me a signal that the court was ready to make a big decision, and i just cannot imagine, especially when you...
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Dec 10, 2012
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in early 2011, steve jobs was asked if he would bring back jobs from klechina. he says those jobs are not coming back. hold on, under tim cook, there could be some. and apple, bringing back-- spending 100 million to bring some mac here, i say it's a total drop in the bucket. >> it's a broader narrative of manufacturing leaving china and it's not just apple. and lenovo, china's largest pc maker, says it's bringing some production to the north carolina facility and ge, for instance, is bringing a lot of production back from china, small and medium sized manufacturers are doing this. go to wal-mart and look at the house brand george, all of it's made in bangladesh, used to be in china. stuart: why is manufacturing-- for years we've said china is the manufacturing center piece of the planet. why is it leaving? >> there are so many reasons. first of all, wage rates are going up much fraster than product ticht and labor peaked political risk is not a factor and now it is, china is trying to use geopolitical leverage and risk of intellectual property loss and china is
in early 2011, steve jobs was asked if he would bring back jobs from klechina. he says those jobs are not coming back. hold on, under tim cook, there could be some. and apple, bringing back-- spending 100 million to bring some mac here, i say it's a total drop in the bucket. >> it's a broader narrative of manufacturing leaving china and it's not just apple. and lenovo, china's largest pc maker, says it's bringing some production to the north carolina facility and ge, for instance, is...
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steve, good morning. >> good morning, becky. thanks. the stronger than expected jobs were not making believers of many economists. they continue to expect weak fourth quarter growth after that number came in at 146,000 with an expectation of around 85,000. fourth quarter growth estimates range from a low of below a half a point, 0.4%. that coming from morgan stanley. the high from what i could gather this morning, 1.5% at jpmorgan. remember that third quarter growth was 2.7 pfrs. a lot of this, though, is going to be inventories. suggesting the growth back drop a little bit stronger than what the number might imply. but the declining unemployment rate fell 0.2 to 7.7% complicates the job for the fed which is expected to place operation twist, where it sells short-term securities and buys long-term ones, with just outright asset purchases on the long end. here's the fed forecast for the fourth quarter. notice the actual there, at 7.7%. it's now at -- the forecast for the end of this year,.1%. it's now averaging you can see there on the l
steve, good morning. >> good morning, becky. thanks. the stronger than expected jobs were not making believers of many economists. they continue to expect weak fourth quarter growth after that number came in at 146,000 with an expectation of around 85,000. fourth quarter growth estimates range from a low of below a half a point, 0.4%. that coming from morgan stanley. the high from what i could gather this morning, 1.5% at jpmorgan. remember that third quarter growth was 2.7 pfrs. a lot of...
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basically have everything you've accomplished at alabama wiped off the map because the end will be -- steve spurrier still hasn't recovered from his stint in washington. the guy was a football god. he went to washington and immediately the stories started, you know, that this guy was bush league. he was a college coach. if saban goes up and fails a second time -- and god bless him, he's done enough for alabama, he deserves that right, or do you want to be remembered the greatest college football coach of all time? he sticks around another ten years, wins more champion sshi people consider this guy the john wooden of college football. >> when you look at what they've done p college coaches, that could be the lure, but he was miserable when he was at miami. in his second year with the dolphins, he was looking for opportunities back at the college game. i think it would take a lot to get him back to the nfl. when you look at all the teams that will need coaches -- >> but why go? >> well, money. a lot of money. a whole lot of money. >> in the words of dire straits, he's got a daytime job. he's
basically have everything you've accomplished at alabama wiped off the map because the end will be -- steve spurrier still hasn't recovered from his stint in washington. the guy was a football god. he went to washington and immediately the stories started, you know, that this guy was bush league. he was a college coach. if saban goes up and fails a second time -- and god bless him, he's done enough for alabama, he deserves that right, or do you want to be remembered the greatest college...
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air now being called the innovator of the year and compared to steve jobs for your innovation. tell me how square is changing the face of american business? >> we start with a simple idea which was, you know, my parents were entrepreneurs. they started up local businesses and my father started a pizza restaurants when he was a kid and my mother the coffee store and they face the challenges just starting up. and also accepting patients extremely challenges, so we made it easy for any small business or neighborhood place it instantly accept credit cards by giving them a free credit card reader and accept credit cards for 2.75% and we signed up over 3 million merchants. >> i have to say when i went to, i drive up past the farmers market and there were people there selling the local farm stuff, fruits and vegetables and organic beef and crafts and those things of things. almost all of them were using square to accept credit card payments and i asked them separately on a sunday. said this is changed the way my family is able to put food on the table and that's got to be incredible f
air now being called the innovator of the year and compared to steve jobs for your innovation. tell me how square is changing the face of american business? >> we start with a simple idea which was, you know, my parents were entrepreneurs. they started up local businesses and my father started a pizza restaurants when he was a kid and my mother the coffee store and they face the challenges just starting up. and also accepting patients extremely challenges, so we made it easy for any small...
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. >> eric: the reality is, we have a spending problem, steve. how much money we're actually taxing, tax revenues are going up. >> they have to. >> eric: it's a spending issue. if we're putting a trillion dollars into the deficit you can't fix that with taxes. >> no, you sure can't. eric, when i first came to washington, which was about 25 years ago, we barely had a trillion dollar budget and here we are, 25 years later and we're closing in on a 4 trillion dollar budget and that under democrats and republicans as well and there haven't been serious cuts in spending in this town in at least 10 or 15 years and i'm kind of frustrated that neither party is really serious about getting these spending programs under control. i mean, we have been-- you look at entitlement programs and president obama and a lot of democrats say we can't cut medicare, social security, medicaid. and that's half the budget there. of course, we're spending 600, 700 billion dollars a year just to pay the interest on the debt. just on the interest. so you don't get any return
. >> eric: the reality is, we have a spending problem, steve. how much money we're actually taxing, tax revenues are going up. >> they have to. >> eric: it's a spending issue. if we're putting a trillion dollars into the deficit you can't fix that with taxes. >> no, you sure can't. eric, when i first came to washington, which was about 25 years ago, we barely had a trillion dollar budget and here we are, 25 years later and we're closing in on a 4 trillion dollar budget...
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>> pelley: steve hartman proves that he does "on the road". >> merry christmas! captioning sponsored by cbs pelley. this is the "cbs evening news" with scott pelley. >> pelley: good evening. erspelley: good evening. when the supreme court alters ed icourse of the nation, names are etched in history. ralessy v. ferguson" endorsed inial segregation; "brown v. board of education" ended it in hat ation. today we learned that the next name to make civil rights history may be "hollingsworth v. willy." her court said it will hear the case which could decide whether same-sex couples have a constitutional right to marry. the case centers on a ban on 20me-sex marriage that was passed by california voters in 2008. john blackstone has our lead from san francisco. >> reporter: for five months in 2008, same-sex couples in california could marry legally. then voters passed proposition 8 banning same-sex marriage. when gay couples challenged prop 8, both the state supreme court and the federal ninth circuit court of appeals ruled that banning same-sex marriage is unconstitutiona
>> pelley: steve hartman proves that he does "on the road". >> merry christmas! captioning sponsored by cbs pelley. this is the "cbs evening news" with scott pelley. >> pelley: good evening. erspelley: good evening. when the supreme court alters ed icourse of the nation, names are etched in history. ralessy v. ferguson" endorsed inial segregation; "brown v. board of education" ended it in hat ation. today we learned that the next name to make...
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what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve cohen, there is no more remarkable trader out there than this guy. say what you want to about him. if you look at his returns, i think he started in 92, one down here. he is up this year, so far, 10%. that is why the feds are after him. i have been speaking to a lot of people with the fpi. long-term returns, consistent and less volatility. what they do, generally, they look at returns, pretty much steady returns, not a lot of volatility. you look at steve collins return, one down year. you look at warren buffett. he destroys profits over that peri
what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve...
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let's go to steve grasso. a remarkable run for the stock. i've asked the question on more than one occasion, whether it's style or substance that's behind the move. >> if you look at it, this is a technical call there. there is the appearance of a triple top. you have to look at 20102010, 2. 1915ish. if we can cross over that, you're looking at the same thing. >> are you worried that once the halo, so to speak, that the street has given melissa myer the benefit of the doubt. once reality has set in that her job is big that the stock is going to fade? >> i don't know what reality is going to set in. they've been able to monetize alibaba. there's still money there. they're cash plentiful at this point. there were rumors about maybe a special differ but i think they'll probably ratchet up their corporate repurchase. so all those things are positive and i think it's all of it enough to get it back in the mid 20s. >> i'm going to let you run. but what about this mcdonald's debate? do you want to chime in on it. >> i love the mcrib likemy brother
let's go to steve grasso. a remarkable run for the stock. i've asked the question on more than one occasion, whether it's style or substance that's behind the move. >> if you look at it, this is a technical call there. there is the appearance of a triple top. you have to look at 20102010, 2. 1915ish. if we can cross over that, you're looking at the same thing. >> are you worried that once the halo, so to speak, that the street has given melissa myer the benefit of the doubt. once...
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matt mccall, steve moore. have a question you want answered, hemmer@foxnews.com or twitter, @billhemmer. fire away with a tweet because you asked, bya. martha. martha: there is tense stand with north korea. u.s. forces sending warships to the region as pongyang getting ready to flex its muscle. we have seen it before. is it different this time? we're live with the details. bill: live in cairo, protesters massing at the presidential palace. are they in favor of president or are about these protests to get ugly yet again? we're live in central cairo. martha: today of course is december the 7th. we honor those who made the ultimate sacrifice on that day 71 years ago at pearl harbor. we remember that day which indeed has lived in infamy. >> no matter how long it may take us to overcome this premeditated invasion, the american people in their righteous might will win through to absolute victory. [cheers and applause] [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of p
matt mccall, steve moore. have a question you want answered, hemmer@foxnews.com or twitter, @billhemmer. fire away with a tweet because you asked, bya. martha. martha: there is tense stand with north korea. u.s. forces sending warships to the region as pongyang getting ready to flex its muscle. we have seen it before. is it different this time? we're live with the details. bill: live in cairo, protesters massing at the presidential palace. are they in favor of president or are about these...
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in spokane washington hey steve what's on your mind tonight hi just how are you doing for well just just about here in about detroit and. were issues. prior to reagan there was the state federal worker program workouts to risk. him. to cancel employees to to get jobs once he was elected he he to. funding away from those programs. and you're absolutely right stephen i appreciate pointed out in fact that was just one little piece of it ronald reagan was the first president in the history of the united states to appoint as director of the labor department a man who was hostile to labor and he set a precedent for every republican administration that followed and it's one of the reasons why the middle class has been so taken apart since robin in is a potage oklahoman life and that right. ok great thank you for calling thank you thanks for watching and you want to talk about job outsourcing you know why can't they tax those people for taking the jobs we've lost i don't know how many jobs here. when it's dark you know for space. and. their service jobs their minimum wage. how can you suppo
in spokane washington hey steve what's on your mind tonight hi just how are you doing for well just just about here in about detroit and. were issues. prior to reagan there was the state federal worker program workouts to risk. him. to cancel employees to to get jobs once he was elected he he to. funding away from those programs. and you're absolutely right stephen i appreciate pointed out in fact that was just one little piece of it ronald reagan was the first president in the history of the...
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our guy steve groves was writing papers on this weeks and weeks ago. we're also surprised frankly the senate would bring it up in a lame duck session. this is something that needs full and considered -- >> they're going to bring it up again next year. you won't be there. >> they can bring it up and we'll take the same position. >> should there be a compromise in order to avoid going over the fiscal cliff? john boehner's already $800 billion in increased tax revenue, not necessarily raising the marginal tax rate on the wealthy, but capping deductions, limiting loopholes, are you with the speaker of the house on that? >> unfortunately, wolf, the policies of president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they've already paired back plans for next year anticipating what's going to happen. we can fix this christmas eve if we want, but we've already hurt the economy and job growth. >> are you with boehner? >> i'm not with boehner. this government doesn't need anymore money. this country needs less go
our guy steve groves was writing papers on this weeks and weeks ago. we're also surprised frankly the senate would bring it up in a lame duck session. this is something that needs full and considered -- >> they're going to bring it up again next year. you won't be there. >> they can bring it up and we'll take the same position. >> should there be a compromise in order to avoid going over the fiscal cliff? john boehner's already $800 billion in increased tax revenue, not...
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a lot is people are unsure about the economy these days and the post-steve jobs era. >> even around christmastime when the products are popular as gifts. >> you think retail sales would translate well because there's so many other issues there besides how much they sell in the store. >> it's interesting. we'll see what happens with this case and if it has an impact of consumers that own these products. thank you very much. >>> marijuana is now legal under washington state law. that tops our look at stories around the "news nation." take a look. that's how they celebrated in washington state. the news came down after midnight as you know at the seattle center. it allows people to possess up to an ounce of pot, but they cannot smoke it in public. that looks like public to me. the police department will issue verbal warnings to violators. that explains the public video. lawyers for software company founder john mcafee sought guatemala denied his asylum. they detained him for entering the country illegally. he's wanted for questioning in connection with the murder of his neighbor. he denies any invol
a lot is people are unsure about the economy these days and the post-steve jobs era. >> even around christmastime when the products are popular as gifts. >> you think retail sales would translate well because there's so many other issues there besides how much they sell in the store. >> it's interesting. we'll see what happens with this case and if it has an impact of consumers that own these products. thank you very much. >>> marijuana is now legal under washington...
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i don't think it's over and we do think it will rebound next year. >> steve, good to have you on the show, appreciate it so much. >> thank you. >> steve milunovich from ubs. >> you made a good point before we came on air and what it was i thought about is that we're seeing some notable hedge funds suffer big withdrawals at the end of the year. apple was a key holding for the hedge funds, they're liquidating the decisions and expectations of redemption. if that's the case you want to buy apple. >> there are a million different reasons flying around the street, whether it's a technical sell-off we're seeing, the margin requirement story that we talked yesterday about, any validity to any of that, or is it simply this is a stock that has dominated the action over the course of a year, and people are just taking profits where profits are to be taken. >> i think again a lot of the participation in the stock is short term thinking which is problematic and we'll expand upon that at a later point. again, we talk about the fundamentals of this company and i just don't get it. i know dennis yo
i don't think it's over and we do think it will rebound next year. >> steve, good to have you on the show, appreciate it so much. >> thank you. >> steve milunovich from ubs. >> you made a good point before we came on air and what it was i thought about is that we're seeing some notable hedge funds suffer big withdrawals at the end of the year. apple was a key holding for the hedge funds, they're liquidating the decisions and expectations of redemption. if that's the case...
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. >> i'm rick steves. >> reporter: who has hosted his travel television show was the proponent for legal marijuana. >> i spent my adult life in europe hanging out with people who think it's wacky to be locking up people for smoking pot. >> reporter: in a show from amsterdam, steves gave a preview of what soon could be coming to cities and towns in washington. >> throughout netherlands, bars selling marijuana are called coffee shops. they have over 300. >> reporter: he says america should not fear. >> consumption is not going to go up a lot. by every statistic, our government and dutch government americans smoke more pot than the dutch and they have the most liberal laws on pot. >> all we've achieved by prohibition is to fill our jails and to make drug dealers quite rich. >> reporter: he says legal marijuana, even with high taxes, will be cheaper than illegal marijuana. >> you want to put the drug dealers out of business? >> absolutely. >> reporter: now that marijuana is legal here in washington the state will start collecting taxes on it. they hope to raise some $500 million a year. but
. >> i'm rick steves. >> reporter: who has hosted his travel television show was the proponent for legal marijuana. >> i spent my adult life in europe hanging out with people who think it's wacky to be locking up people for smoking pot. >> reporter: in a show from amsterdam, steves gave a preview of what soon could be coming to cities and towns in washington. >> throughout netherlands, bars selling marijuana are called coffee shops. they have over 300. >>...
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i'm rick steves. >> reporter: rick steves for 20 years hosted a popular public travel show was prominent among those campaigning for legal marijuana. >> i spent a third of my adult life in europe hanging out with people who think it's wacky to be locking up people for smoking pot. >> reporter: in a show from amsterdam, steves gave a preview of what could soon be coming to cities and towns in washington. >> throughout the netherlands, bars selling marijuana are called coffee shops. amsterdam alone has over 300. >> reporter: he says america should not fear. >> consumption is not going to go up a lot. by every statistic, our government and the dutch government, americans smoke more pot than the dutch, and the dutch have the most liberal laws on pot in all of europe. >> reporter: seattle's city attorney peter holmes also pushed for the new law. >> all we've done is achieve by prohibition is fill our jails and make drug dealers quite rich. >> reporter: he says legal marijuana even with high taxes will be cheaper than illegal marijuana. >> want to put the drug dealers out of business? >> absol
i'm rick steves. >> reporter: rick steves for 20 years hosted a popular public travel show was prominent among those campaigning for legal marijuana. >> i spent a third of my adult life in europe hanging out with people who think it's wacky to be locking up people for smoking pot. >> reporter: in a show from amsterdam, steves gave a preview of what could soon be coming to cities and towns in washington. >> throughout the netherlands, bars selling marijuana are called...
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steve said it best from the outset. if the president does not get off to the right start here, it makes it incredibly difficult, if not at a minimum, complicated, to get the rest of his agenda through, not to mention all the foreign policy challenges that will be the backdrop. steve indicated this is the most important thing that will be done. he's likely right unless there's something that we don't want to at all think about or foresee for the next few years, so you have to get this right or get it done to get to the next step. >> but on the specifics of it, steve, why should we be optimistic? who's going to move from their position, and why would they? >> the reasons to be optimistic, you have two prose prose propos table that are robust. the president's made important concessions on revenues. the democrats have made concessions on addressing entitlements, not insufficient for the other one, and what we're fighting over now is this issue of tax rates. and the republicans do have to give on tax rates. it's going to be
steve said it best from the outset. if the president does not get off to the right start here, it makes it incredibly difficult, if not at a minimum, complicated, to get the rest of his agenda through, not to mention all the foreign policy challenges that will be the backdrop. steve indicated this is the most important thing that will be done. he's likely right unless there's something that we don't want to at all think about or foresee for the next few years, so you have to get this right or...
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conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that
conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome....
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steve harrigan good to see you. thank you. most americans say they would support hillary clinton for president in 2016. that's according to a new poll. and some of her potential republic rivals are also looking ahead at the next white house showdown. the poll from the abc and "the washington post" shows 57% of americans would back secretary clinton, 37% say they would oppose her. of course for now she says she has no plans to run again. a' couple of the top republic contenders are already talking about 2016. campaign carl cammeron live for us in our d.c. newsroom. they even showed up at the same event. >> they're actually about 16 republicans. maybe just at least that number who are actually looking for a white house run. a couple have already hired advisors and actually specialize in presidential politics. paul ryan has a lot of juice as the 2012 presidential. and marco rubio gave more than 70 speeches for romney over the last campaign year. last year both openly joked together about hitting the trail early in 2016, livin'. >
steve harrigan good to see you. thank you. most americans say they would support hillary clinton for president in 2016. that's according to a new poll. and some of her potential republic rivals are also looking ahead at the next white house showdown. the poll from the abc and "the washington post" shows 57% of americans would back secretary clinton, 37% say they would oppose her. of course for now she says she has no plans to run again. a' couple of the top republic contenders are...
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. >> and then larry, later in the afternoon, our steve leishman sat down with treasury secretary tim geithner. geithner in that interview late in the afternoon made it clear that this is brinksmanship of the highest order. >> i want to understand the administration's position when it comes to raising taxes on the wealthy. those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthy. it's only 2%. >> reporter: of course, up on capitol hill, republicans don't necessarily agree with that. speaker of the house john boehner said today that he is still waiting for a counterproposal now from the president of the united states. and we learned late this afternoon that in fact speaker boehner and president obama had a phone call today. we don't know, however, what was said in that call. but reports are that some progress is being made in these negotiations. at least conversations continuing behind the
. >> and then larry, later in the afternoon, our steve leishman sat down with treasury secretary tim geithner. geithner in that interview late in the afternoon made it clear that this is brinksmanship of the highest order. >> i want to understand the administration's position when it comes to raising taxes on the wealthy. those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's...
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. >> congressman steve from new york and chairman of the democratic congressional campaign committee. good afternoon, sir. >> hi, martin. >> congressman, notwithstanding the fact that speaker boehner's office is considered mathematically dyslexic by many economists, has it surprised you some republicans have actually condemned boehner's office and would much prefer to keep taxes as they are and take an axe to social programs, medicare, in order to reduce the deficit? >> what's to surprising about that? for so many republicans, they said in the 1990s they wanted medicare to wither on the vine. you know, they now think they have the opportunity to do it in 2012. speaker boehner's proposal is based on the mathematical equation, two plus two equals whatever you want it to be. that's not how you grow the middle class. you do it in a balanced way. let's reduce the deficit we've already supported, $2 trillion in spending cuts, but let's do it in a way by asking the richest 2% to do their fair and grow the economy by making smart investments and things like job creating infrastructure. that'
. >> congressman steve from new york and chairman of the democratic congressional campaign committee. good afternoon, sir. >> hi, martin. >> congressman, notwithstanding the fact that speaker boehner's office is considered mathematically dyslexic by many economists, has it surprised you some republicans have actually condemned boehner's office and would much prefer to keep taxes as they are and take an axe to social programs, medicare, in order to reduce the deficit? >>...
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and steve harrigan is live for us in cairo. steve, these are the biggest crowds we have seen yet. >>reporter: the largest crowds and the most violent. it has calmed down in the last hour at 10:00 p.m. in egypt but the worst clashes in two weeks of protests here. it wasn't police versus the protester but civilian on civilian, members of the muslim brotherhood who support president morsi and those who want to drive him from office and all the conflict happening outside the presidential palace that began with pushing and sticks and rocks and molotov cocktails and shots fired. showing how bitterly the country is divided. >>trace: what do we know what is behind the violence? >>reporter: the first two weeks, antimorsi protesters met in that sure square and now they are marching on the palace. there has been a lost restraint on of the pro morsi supporters which restrain was broken after the man on the palace where the wall were written on with graffiti. they moved in with sticks, rocks and later gun battles in exactly what followed after that. >>trace: thank you in late evening in cairo.
and steve harrigan is live for us in cairo. steve, these are the biggest crowds we have seen yet. >>reporter: the largest crowds and the most violent. it has calmed down in the last hour at 10:00 p.m. in egypt but the worst clashes in two weeks of protests here. it wasn't police versus the protester but civilian on civilian, members of the muslim brotherhood who support president morsi and those who want to drive him from office and all the conflict happening outside the presidential...
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today as steve will be, what would your first question to him be? >> my questions would be about dividends and capital gains as they're market related. with the dividends we've seen a tremendous amount of companies bring them forward in the name of tax avoidance. in both france and england we've seen a tremendous amount of steps taken for tax avoidance when they hire -- >> people leave. >> my only question, there have been studies done on that in the united states to figure out what the effect would be. my second question would be, back in '08 when the president was debating hillary clinton accepted the concept that every time we've raised capital gains tax, the receipts from that have gone down. every time we've lowered it, they've gone up. he accepted that. i want to know if his opinion is modified or is he considering laying off tax and business investment for fear that it will give us less of it. >> two very interesting questions there about what effect a change in taxes does to behavior. i think you can't deny the fact that it does change behav
today as steve will be, what would your first question to him be? >> my questions would be about dividends and capital gains as they're market related. with the dividends we've seen a tremendous amount of companies bring them forward in the name of tax avoidance. in both france and england we've seen a tremendous amount of steps taken for tax avoidance when they hire -- >> people leave. >> my only question, there have been studies done on that in the united states to figure...
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steve jobs, this is the first year next year where we're really in the post-steve jobs era. we have the margin mix, slowing growth. you would expect multiple compression on that, but don't forget they come out with a big product our big number, psychology can change in a minute. >> if you take a look at the sector they play, they're selling at a significant premium so the com uponants of their business, whether it's smartphones or whether it's pcs. granted they're macs, not p.m. cs, but they're selling down six, seven times. >> totally fair, but i mean, look at dell and look at hp versus apple. every single business apple has is growing very nicely. they have a wonderful new phone out there, the smartphone market has tremendous growth. >> i agreed. i just think you have time. for the first time we're seeing the steve jobs premium as you mentioned come out of the stock and wonder what's next on the product cycle. >> if you say you have time, you've got time. >> well, thank you. >> how diplomatic. henry, good to talk with you as always. thanks for coming on. >> thank you for h
steve jobs, this is the first year next year where we're really in the post-steve jobs era. we have the margin mix, slowing growth. you would expect multiple compression on that, but don't forget they come out with a big product our big number, psychology can change in a minute. >> if you take a look at the sector they play, they're selling at a significant premium so the com uponants of their business, whether it's smartphones or whether it's pcs. granted they're macs, not p.m. cs, but...
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jenna: steve, thank you. gregg: a shocking real-life health crisis involving a former child star, why frankie m u.n. iz was rushed to the hospital. we are live at the breaking news desk. the new nears about chemical weapons in the civil war rocking syria, why the u.s. and the international community should be concerned. we'll go in-depth with ambassador bolton. jenna: right now we are learning about a serious health problem for a former child star, rick folbaum is live at the breaking news news desk with more. >> reporter: you don't usually hear about healthy 20 somethings having strokes. that's what doctors say happened to frankly m u.n. is. he was riding his motorcycle in phoenix when he lost vision in one eye. friends, including his fiancee got worried when he was acting very strangely. turns out he was having a mini stroke. here he is on "good morning america." >> something wasn't right. i knew i did not feel right. coy -pbt say words. couldn't say words. i thought i was saying them. my fiancee was lookin
jenna: steve, thank you. gregg: a shocking real-life health crisis involving a former child star, why frankie m u.n. iz was rushed to the hospital. we are live at the breaking news desk. the new nears about chemical weapons in the civil war rocking syria, why the u.s. and the international community should be concerned. we'll go in-depth with ambassador bolton. jenna: right now we are learning about a serious health problem for a former child star, rick folbaum is live at the breaking news news...
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steve jobs or ashton kutcher? we're getting a first look at the film. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars that moment you enjoy it at home. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> we're getting our first look at ashton kutcher as steve jobs this morning. here is cnn's michelle turner. >> we can share the first image from the film which stars ashton kutcher behind the legen
steve jobs or ashton kutcher? we're getting a first look at the film. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars that moment you enjoy it at home. to help those affected and...
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. >> steve reed. >> chancellor aware because of his continuing inadequate level of funding to school building which today's statement is not correct, london councils across party body is estimating that by 2016, one in every 10 primary age children and son will not have a permanent school place? >> first of all, can i take this opportunity to welcome him to the house of commons. congratulate him on his victory. he rightly wants to speak on behalf of his constituents. what i would say is the pressure on london's schoolhouschoolhou ses, for some years is a huge issue when we came into office. we have provided additional capital spending for new school places. the money we announced over a billion pounds we announced today is also to deal with areas where there's high pressure. i will make sure that my runoff on education secretary -- [inaudible] >> julian smith. >> more money for the regional growth fund is great news for yorkshire. and the chancellor give details to the house of? >> there will be more money for the region growth fund. that has been help for securing and creating up to
. >> steve reed. >> chancellor aware because of his continuing inadequate level of funding to school building which today's statement is not correct, london councils across party body is estimating that by 2016, one in every 10 primary age children and son will not have a permanent school place? >> first of all, can i take this opportunity to welcome him to the house of commons. congratulate him on his victory. he rightly wants to speak on behalf of his constituents. what i...
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steve in gaithersburg, maryland, a republican caller. caller: host: when did the republican party become the party that restricts poor? i understand the tax cut for the rich is important to some people, but i feel the good thing would be unlimited in of government at the federal level. that has nothing to do with this. that would be more on the spending cuts. host: what do you make of the back a plan being reported by the new york times saying if we cannot come to some sort of deal, we should just passed tax cuts for the middle class americans and then fight later on for spending cuts and increasing taxes for the wealthy? caller: the tax cut for the general population is great. that would be good for stimulating the economy. but the big thing is hit there needs to be a balanced plan. we need more revenue and we need less spending at the federal level. what is good for california is not good for virginia and what's good for virginia is not good for maryland. maybe we need to focus on reducing the federal government overview. been there wo
steve in gaithersburg, maryland, a republican caller. caller: host: when did the republican party become the party that restricts poor? i understand the tax cut for the rich is important to some people, but i feel the good thing would be unlimited in of government at the federal level. that has nothing to do with this. that would be more on the spending cuts. host: what do you make of the back a plan being reported by the new york times saying if we cannot come to some sort of deal, we should...
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had he said how i hate i was redistrict out of steve israel's district. i am now represented by peter king. yikes. >> paula move: man. talk about going from one of the best to one of the worst. >> find us @bpshow on twitter. >> bill: it's pretty clear from talking with steve israel and just watching the debate over this fiscal cliff that when it comes to the middle class, republicans don't give a rat's ass. right? >> they are pull yourself up by your boot straps even if you can't afford boots. they don't care if you are poor. it's your fault. when mitt romney said the 47% comment and when he was recovered on that finance call after losing the election saying that, you know, obama will be giving out presents to people and you had some serious people in the room and say mitt romney is wrong. he shouldn't be saying this. >> that's not how we feel they certainly govern like they feel that way. you can listen to talk shows and hear anybody underscore what mitt romney's sentiment was but as far as congress was, republicans gone like mitt romney talks. >> yeah.
had he said how i hate i was redistrict out of steve israel's district. i am now represented by peter king. yikes. >> paula move: man. talk about going from one of the best to one of the worst. >> find us @bpshow on twitter. >> bill: it's pretty clear from talking with steve israel and just watching the debate over this fiscal cliff that when it comes to the middle class, republicans don't give a rat's ass. right? >> they are pull yourself up by your boot straps even if...
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with us on set, economic analyst steve rattner. also political editor and white house correspondent for the huffington post, sam stein. andrea mitchell. and in new york, msnbc contributor, mike barnicle. and the co-anchor of "street signs," brian sullivan. we've got a lot to talk about, mike barnicle, but i saw a headline on the front page of "usa today," a tease that is very intriguing, and that is one of the greatest players in major league baseball trying to get his worth right now. and if i were a major league team, i would pass on josh hamilton in a new york second because the guy phoned it in when his team needed him the most. there's an attitude problem. and yet he could be such a huge payoff. are the red sox looking at josh hamilton? >> i think any team that's looking at hamilton is looking at no longer than three years with him because of the things you just mentioned. >> he, of course, had an addiction problem, a terrible addiction problem. he got passed -- it was an inspiring story, but he seemed to fall off the cliff. n
with us on set, economic analyst steve rattner. also political editor and white house correspondent for the huffington post, sam stein. andrea mitchell. and in new york, msnbc contributor, mike barnicle. and the co-anchor of "street signs," brian sullivan. we've got a lot to talk about, mike barnicle, but i saw a headline on the front page of "usa today," a tease that is very intriguing, and that is one of the greatest players in major league baseball trying to get his worth...
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steve is also a former policy adviser for new mexico senator jeff bingaman. thank you for being here. >> great to be with you rachel. >> am i being naive to think this was going to pass? >> a lot of people thought it was going to pass. of all the treaties, this would be the easiest to pass. there were other treaties pending. this is about people in need and it didn't. this is a branch of the gop that did you want represent all republicans, but it's the obnoxious nationalist wing that really resents any international deal making. there's a lot of worry not just about people with disabilities, but all the other treaties that position the united states and show that it can be the primary sculptor of global affairs, and we're defecting from that as of today's vote. >> so 126 countries ratifying this, but us, not ratifying it. particularly when it's modeled on our law. that takes us out of a global leadership role? >> it leaves a void that the united states is walking away from the responsibility of primary leadership in the world of sculpting global affairs in th
steve is also a former policy adviser for new mexico senator jeff bingaman. thank you for being here. >> great to be with you rachel. >> am i being naive to think this was going to pass? >> a lot of people thought it was going to pass. of all the treaties, this would be the easiest to pass. there were other treaties pending. this is about people in need and it didn't. this is a branch of the gop that did you want represent all republicans, but it's the obnoxious nationalist...
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they're then going to believe -- >> i hear what steve is saying there. i'm standing in your camp, which is a rare spot for me to be in, standing in chris's camp here, but i think you're right. i think the markets have not baked this into their equation. >> dysfunction and childishness. >> dysfunction and childishness has nothing to do with my bottom line, necessarily, in terms of how i'm going to pay for things necessarily. yeah, i get the political side of that. but as a market force, i don't think they've baked that in, number one. number two, i don't think that the president is going to allow this thing to get to that point. i think they're going to cut a short-term deal to get through that first quarter of next year. >> kick it down the road. >> no. who is the only hero from this election besides the president? the only hero? chris christie. the only one running 72%. people of all colors, all ethnic groups, you poll them, i have been in the rooms, i was there recently, they want a peace treaty of some kind to make it work. they don't want a big victo
they're then going to believe -- >> i hear what steve is saying there. i'm standing in your camp, which is a rare spot for me to be in, standing in chris's camp here, but i think you're right. i think the markets have not baked this into their equation. >> dysfunction and childishness. >> dysfunction and childishness has nothing to do with my bottom line, necessarily, in terms of how i'm going to pay for things necessarily. yeah, i get the political side of that. but as a...